They’re Taking More Time, Causing Sellers To Panic A Little
A weekend topic starting with Fortune. "Last year, months before the Federal Reserve began raising interest rates to combat inflation, former Treasury Secretary Larry Summers warned that inflation was already a problem, and would get a lot worse in 2022.…
When Interest Rates Were Down, People Could Borrow More Than They Expected, Now The Reverse Is Happening
It's Friday desk clearing time for this blogger. "On Thursday, Freddie Mac deputy chief economist Len Kiefer tweeted about what this downward shift means: 'The U.S. housing market is at the beginning stages of the most significant contraction in activity…
The Death Of Bidding Wars For Florida Real Estate
https://www.youtube.com/watch?v=QE99y_KJkfE
Agents Often Credit Motivated Vendors As The Reason For The Price Drop
A report from BoiseDev in Idaho. "April Florczyk, the founder of 208 Market Real Estate, told BoiseDev that dynamics are shifting – especially in Ada County. 'The average active price is almost $150,000 higher than the sold price,' she said.…
New Lows For Home Prices In Brampton, Mississauga & Durham Real Estate
https://www.youtube.com/watch?v=ygTh-EaFjGI
It Took A Few Months For Sellers To Realize The Demand They Counted On Was Not There Anymore
A report from the Seattle Times in Washington. "In King County, 73% more homes were listed at the end of May than at the same time last year. In Pierce County 74% more and in Kitsap 43%. In Snohomish, more…
Housing Market In The GTA Is Starting To Crash
https://www.youtube.com/watch?v=jzjUiqtJJgo
Sellers Are Having To Appreciate That The Joyride Is Over
A report from the Seattle Business Journal in Washington. "The median sale price of single-family homes in Seattle fell nearly 12% from April to May, according to the Northwest Multiple Listing Service (NWMLS). Meanwhile, the number of in-city pending sales…